Skip to main content

About your Search

20121129
20121207
STATION
CSPAN2 21
LANGUAGE
English 21
Search Results 0 to 20 of about 21
CSPAN
Nov 29, 2012 9:00am EST
:30 a.m. >> we are thrilled to have senator durbin to talk about his views on the fiscal cliff, and the framework. i think as we engage in this debate i just want to let a few things that are critical. as washington becomes obsessed with this issue. first and foremost, i think it will have consequences and that cap we have argued that the issues that are really framing the fiscal debate and fiscal cliff are ones that were actually dictated in the election context. the president didn't have one set of complications, and a second set now. really there was a thread going through the debates as was happening to add that thread was about having a balanced plan that addressed america's fiscal challenges. acknowledged there were serious fiscal challenges that we do need long-term, deficit reduction. that's important for america's credibility, and it's important for america's economy and economic growth. that plan has to be balanced and that means significant revenues, and it has to go around. typically that means the wealthy and well off have to pay their fair share as well. again, th
CSPAN
Dec 4, 2012 8:00pm EST
have been a policy areas of the fiscal cliff talks. today the alternative minimum tax. hope i said that a. >> guest: something that was passed in the 1960s to animate a small group of high income individuals that were not paying any taxes. it did not have an inflation adjustment, so now the group has grown enormously and we assume in a budgeting sense the way we budget that this revenue will come in. it's not going to comment because if we allow the text if you can look at tens of millions of america. so we fixed it. i would hope in the next year we could have a permanent fix to get it out of the budgetary budget. same thing with what is called sgr, sustainable growth with medicare and medicaid. we patched these things over. let's figure out a way to get it out of the budgeting process so numbers can be something they can project forward realistically. >> host: is this a big deal? >> guest: it is. if we were to not get it then it would be a big deal. we raise taxes on millions of americans overnight. this is one of those things they don't take about because we never let it happen.
CSPAN
Dec 4, 2012 5:00pm EST
critical in the fiscal cliff discussion is we are talking about the patch for the 2012 tax year. unlike the rest of the fiscal cliff, which affects tax rates that will play next year, the patch applies to the return that we will all have to file early next year. so if there is not congressional action here, there is an abrupt increase in tax on the 2012 taxable year in 20 of 11 approximately 4 million people paid the amt. if there's not a patch, 30 million people will be required to pay the amt in 2012 for the current taxable year and they will pay an additional $90 billion in tax. very few of them have any idea. >> host: is the irs prepared? >> guest: the irs took a fairly unusual -- but i think correct position. they took the position that congress will do the responsible name. so they did their tax program for next year, for the 2012 return, assuming congress would enact the patch before the end. i think that was a reasonable thing to do because i believe they will do that. however, it does mean if there is not a patch, the tax return idling season next year would be quite chaotic. >
CSPAN
Dec 4, 2012 12:00pm EST
are talking about the patch about the 2012 taxable year, and unlike the fiscal cliff that affects tax rates that apply next year, the patch applies to the return that we will all have to file early next year. if there is not congressional action here, there is the abrupt increase in tax on the 2012 taxable year under -- in 2011, approximately 4 million people paid the amt. if there's not a patch, 30 # million people will be required to pay in 2012, and for the current taxable year, and they will pay app additional $90 billion in tax. none of them -- few of them have any idea that this is on the table. >> host: is the isr prepared? >> guest: the irs took a fairly unusual, but i think correct position, taking the position that congress will do the responsible thing so they did their tax programming for next year for the 2012 return, assuming congress would enact the patch before the end of the year. if -- i think that was the reasonable thing to do because almost -- even i believe they will do that -- however, it does mean if there's not a patch, the tax return filing season next year will be
CSPAN
Dec 3, 2012 5:00pm EST
the fiscal cliff negotiations and peace in the middle east. >> is everyone okay with that? [inaudible conversations] [laughter] we are talking about what extent a middle-class tax breaks for me to middle-class families. today at 2:00 p.m., people can ask the president questions on twitter with the hash tag my 2k. after that, this come in this afternoon from the president has a bilateral meeting with the prime minister of bulgaria and this is an important relationship with bulgaria. the president will deliver a speech about 4:00 p.m. commemorating the 20th anniversary of the threat reduction program, which as you know, was authored by richard lugar. it has resulted in a regime that allows us to achieve our the president's highest priorities, and that is to secure safety around the world. it is important have to remember that when it comes to these kinds of objectives, democrats and republicans, we can come together and see very important things come and the president looks forward to this. we also want you extend our congratulations to the duke and duchess of cameras that they are expe
CSPAN
Dec 6, 2012 12:00pm EST
secretary geithner toward fixing the fiscal cliff that's been so much talked about. and i just want to say, sadly, that the facts are that real numbers disprove what they have alleged the plan would do. and we've look the at the numbers. there's no real mystery about this. and there are gimmicks and manipulations in the way they've expressed what they intend to accomplish that i think are beyond the pale and the american people need to know that it's not accurate. this would not be possible if we had the plan on the floor so it could be voted on in the light of day. but we all know what the plan is, the scheme is, the strategy is. it is to be meeting in secret, and then plop down on the floor of the senate at the last hour some sort of coerced agreement that all the senators, like lemmings, are supposed to vote for. and we're supposed to expect that the american people will believe the agreement is what the president says it is, but that is not in reality what's occurring. he's been -- secretary geithner -- meeting with senate -- house members, particularly last week. he presented a propos
CSPAN
Dec 6, 2012 5:00pm EST
, before we talk about fiscal cliff, we'll get because the last fiscal cliff. we had another fiscal cliff types of new with the debt limit to create a center that led to this ridiculous idea that i voted against that let's put a bunch of bad things to happen at one time because that will force washington to do something. surprise, it didn't work. here we are again. so we have to issues. number one is an immediate term to avoid doing damage. that's to avoid doing harm. so we need to look for a way to accomplish that in the short term. then we have had a conversation about getting the fiscal house in order it's just fundamentally true. we spend a trillion dollars a year more than we take in to assist attack. i approached this issue that the only way we can get that in order is to rapid economic growth. there's no taxes to raise. what the presidential post does not raise enough revenue, but it will make a dent on job creation, particularly middle-class job creation. so that's why i oppose this blanket instead i think we should do real tax reform. if there are loopholes, there's a loophole fo
CSPAN
Dec 5, 2012 8:00pm EST
they know is wrong. as you know, they talk about the fiscal cliff. some people say it's a slope. somebody said it was a bungi jump. somebody said it was a skate board trip, down and then up and so forth. bottom line, i think, it's no way to govern. it is a giant mistake to have all of this in a pool of ambiguity, and as i understand it now, you would know more. i mean, it truly is a stalemate. they are not talking. >> now, you point out that it's the same player, and, i think, you'll agree player that is matter most are the president, speaker boehner. what do we know about the personal relationship that might illuminate what's going on right now? >> well, they started out last year when they were working on the debt ceiling, and they had what are calledded the merlot and nicorette's meetings. in other words, boehner would have a merlot, and obama would chew nicorette. >> you point outside in the book somehow when they took the official photo, both of those vanished. >> yes. they had iced tea there for obama. of course, boehner had his seg represent, and they put the cigarette in the ashtr
CSPAN
Dec 5, 2012 11:00pm EST
thinks they know is wrong. as you know they talk about the fiscal cliff. some people say if the slope. some say it's a bungee jump. somebody says it is seascape word trip that's going to go down and up and so forth. bottom line i think it's no way to cover. it is a giant mistake to have all of this innate pool of ambiguity. as i understand it now coming due at no more. it truly is a stalemate. they're not talking. >> you point out the same players and the players who matter most are the president, speaker boehner. what do we know about the personal relationship that might eliminate what's going on right now? >> they've started out last year when they were working on the debt ceiling and they had buber called the merlot and nicorette meeting come in other words, boehner would have a merlot and obama which you nicorette. >> you point out in the boat somehow when they took the official photo, both of the spanish. >> yes, they had iced tea for obama. of course boehner had a cigarette and they put the cigarette in the ashtray away from the picture. but they haven't closed the deal on the p
CSPAN
Nov 29, 2012 5:00pm EST
, again, working together to solve these problems. the issue before us on the fiscal cliff, i also wanted to address briefly if i could and that is with regard to the discussions ongoing about taxes and what we should do. and i just wanted to take this opportunity to talk a little about why some of us believe that raising tax rates would be counterproductive at a time when our economy is -- is so weak and there is another opportunity here and that's for tax reform. the jobs crisis and the debt crisis are linked and the president's made that pointed. he sai-- and the president's mat point. he said that his priority in the grand bargain discussions, the fiscal cliff discussions is to make sure that we encourage economic growth and jobs and so we should use this as an opportunity to address the underlying problem as that are holding back our economy. an economy that's in tough shape today. unemployment is still stuck just below 8%. the projections c.b.o. have given us for next year, by the way, are continued anemic growth in the economy and, in fact, unemployment actually going up, not down.
CSPAN
Dec 1, 2012 5:30pm EST
're taking my call. my question is this fiscal cliff that we are approaching. if president obama allows it to happen, what kind of catastrophe are you talking about? i'm kind of concerned? so negatively will this affect the industry? how bad will it really be out there on wall street and main street? >> guest: well, let's say there are a bunch of people where the congress is
CSPAN
Dec 1, 2012 3:00pm EST
amount of money. >> you can talk with oklahoma senator tom coburn about the fiscal cliff, affordable care act and the future of the republican party on booktv's index. the senator has written several books and reports including his latest, the debt bomb. join our freedom our conversation with calls, e-mails and tweets comical doctor and author and senator tom coburn at noon eastern on booktv's in depth on c-span2. >> now on booktv thomas stanton argues the difference between companies that successfully made it through the 2008 financial crisis and those that didn't was willingness of upper management to listen to feedback before making decisions. this is about an hour and 15 minutes. >> good afternoon and welcome to the cato institute's. i'm the director of financial regulations, mark calabria and i am moderator of today's book form. when reading press coverage of a financial crisis one constantly comes across phrases like the banks did this for the banks did that. lost in these generalities, there was no one responds to the financial crisis or events that preceded it. different firms too
CSPAN
Nov 30, 2012 6:00am EST
and the senate, this fiscal cliff we all read about and talk about. because that would be very dangerous to the people, not only a state of new jersey but the other states in the metropolitan area. the tri-state area. we are working with members of the ways and means committee, as a member myself, to draft legislation modeled after other epic storms which we bring some tax relief. allowing businessebusinesse s to expense the cost of disaster recovery is critical when we see him and businesses have been wiped out. helping rebuild damaged low income houses and providing health and finance, the task of rebuilding infrastructure. what we have now in fema is not good enough for the loss in small businesses. it just isn't. we don't need low interest loans. what we need is a new addressing of the major problems. small businesses are not satisfied with low interest loans at this point. is beyond the. it needs to be responded to, and i hope this legislation will do that. you take a look at the ninth congressional district. two towns were wiped out when the hackensack river rose above its berm you
CSPAN
Dec 3, 2012 11:00pm EST
and the senate. i hope we face this fiscal cliff would've the reader to talk about because that would be very dangerous to people not only in the state of new jersey, that the other states in the metropolitan area in the tri-state area. we are working with the ways and means committee as a member myself to draft legislation modeled after other epic storms, which would bring some tax relief allowing businesses to expense the cost of disaster recovery is critical when we see how many businesses have been wiped out. popular vote damaged low-income housing and providing help in financing the momentous task of rebuilding infrastructure. what we have now in fema is not good enough for the losses small businesses businesses. it just is not. we don't need no interest on. what we need is a new addressing of the major problems. small businesses are not satisfied with low-interest loans at this point. it's beyond that. it needs to be responded to what i hope this legislation will do that. you take a look at bergen county in the ninth congressional district. two towns were wiped out when the hackensack r
CSPAN
Dec 1, 2012 8:15pm EST
if you -- you were talking to your group and you said you wanted to use the phrase fiscal cliff and he slipped and said something else that i will not say. i just want to know if anybody else caught it besides me? >> a lot of people did. you know, okay if you do two shows a day, that is going to happen. and by the way i'm not even sure what i said. but there are two versions of it. there is one that is profane and there is one that is really biological. it was such an obvious slip of the tongue. [laughter] this is the reagan library, people. you make me sick. >> real quick, we will go appear on the balcony. >> hi. i am a young boys are big fans of yours. i have my 13 and 10-year-old watching you you every day. >> where are you? >> i am over here. [laughter] actually when i told them i was coming to see you, they wanted to come too. they are big fans. >> that is perfectly fine. you are a terrible mother for coming here and leaving your kids alone. >> well, duct tape. >> duct tape works. >> believe me, they use it for many things. >> you know that's why they invented it. you would have b
CSPAN
Nov 29, 2012 6:00am EST
. >> you can talk to oklahoma senator tom coburn about the fiscal cliff, the affordable care act and the future of the republican party on booktv's in death. the senator has written several books and reports including his latest, the debt bomb. join our three our conversation, your calls, e-mails, tweets, for senator tom coburn at noon eastern on booktv's in depth on c-span2. >> now a forum on the rule of law in sino, a panel that includes u.s. ambassador to china and jon huntsman. we will show as much as we can until our live event at 8:30 eastern. [applause] >> thank you for that very kind introduction. i have a great honor of being a distinguished fellow here at brookings but i can tell with justice brier and with these distinguished legal experts appear there's nothing distinguished about me at all. today i come pretty much as a regular fellow as opposed to any kind of distinguished fellow. what we have ahead is a great presentation by some people you will find interesting, about development of the rule of law in china. i wanted to offer a few introductory comments on the chi
CSPAN
Nov 30, 2012 7:00pm EST
is nothing focuses like a fiscal cliff. there's fiscal cliff clocks. we are counting the hours after negotiate. everybody knows about the fiscal cliff. your kids probably know about the fiscal cliff. this is a new moment, which is filled with guys, but that it is also an opportunity, which is if we can't do it now or this member of congress new changes have to be made in may for the ness partner with these changes need to be, but something forces them to do it, and this is the best move that we've had. let's hope we don't go through these political values for they fight it out and we are almost frustrated because they can't cover and the headline the next day after wachovia put together since the u.s. still faces a huge fiscal problem. what we really want to do is put in place a plan big enough to fix the problem and that's going to be what's going to have the upside of the certainty of stability around the corner and importantly finally showing to all of us that this country can govern itself. the whole world is watching right now i'm rooting for us. people want the united states to
CSPAN
Dec 4, 2012 11:00pm EST
for 2012 i'd like the rest of the fiscal cliff the effects next year the patch applies to the return we will have to file for next year. if there is not congressional action this is the abrupt increase of taxes of the 2012 taxes in 2011 approximately 4 million people if there is not a patch 30 million people will be required to pay in 2012 for the current taxable year very few have any idea this is on the table. >>host: is the ira's prepared? >>guest: datuk a fairly prepared unusual but correct position that congress do the responsible thing. they did their tax programming for the 2012 return assuming congress would enact a patch. i think that was reasonable because i believe they will but it does mean if there is not a patch the tax return filing season will be the opposite. >>host: we are welcoming representative cole house speaker john boehner sens the proposal what do you think? >> it is a great opening start makes sarid tangible what the speaker committed to it after the election to the revenue on the table not how much or what way with that is inner misstep by the republicans not
CSPAN
Nov 29, 2012 8:00pm EST
off the fiscal cliff. we have people out there trying to undermine our way of life. there is a lot to be afraid of -- al qaeda coming back to our shores, recruiting american citizens to help their endeavors. i hate to say it. in every war we have ever been in, there have been occasions where americans joined the enemy. and in world war ii, that happened. you had german saboteurs land in long island, aided and abetted by american citizens sympathetic to the nazis. all of those american citizens in in re curran were held in military custody and tried by the military because we have long understood that when you join the enemy, that is not a crime but an act of war. we have very bad people who get a right to a jury trial. i will be the first one to say that when you go to court, no matter if you're the worst terrorist in the world, you will get a jury trial, you will get a lawyer and you will have your due process rights. but the difference that i'm trying to inform the body of, when you're fighting a war, the goal is not to prosecute people. the goal is to win. and how do you win a w
CSPAN
Dec 5, 2012 9:00am EST
the consequences of going over the fiscal cliff. and, madam president, i've only been here 36 years, but i've seen every president willing to meet on a regular basis at budget-crunch time with people on both sides of the table over and over and over again until they gradually whittle it down to where they agree. i haven't seen that with president obama. i've seen heard democrats complain that he never talks to them. we cannot do this kind of work without very, very strong presidential effort. that's what presidents are for. and it can't just be laying down a gauntlet sand say, you can't -- and say, you can't cross over that, or drawing a line in the sand. we need -- you got two programs now. and those two sides need to get together. and that includes the president and whatever democrats he cares to put in the equation and also speaker boehner, leader mcconnell, and others. as we attempt to reach a meaningful resolution of this debate in the coming weeks, there are three guideposts that i will keep in sight. first is the cliff itself. going over it would be the height of irresponsibility. and accor
CSPAN
Nov 30, 2012 12:00pm EST
with all the frenzy about the fiscal cliff that we have a history and some of that history is successful in resolving the deep seated choices within the budgeting. that is what we are going to look back and talk about today and see whether we can learn any lessons from that experience. we will go over the detailed program and a few minutes but i want first to introduce our keynote speaker tom davis many of you know and most of you know tom. thomas somebody i call a academic. he's covered many bases and was the county executive for fairfax county. he was the representative to washington from fairfax to the congress and became the chairman of the house government operations committee with many important hearings and covered many issues and he remains very active as a speaker and policy observer and he's also on our faculty where he teaches the course on southern politics very popular lecture and faculty member so i'm pleased to have, as a colleague. tom is going to kick it off and then come back and talk about the detailed program and get started. >> paul, thank you very hatch. he left of
Search Results 0 to 20 of about 21